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BOOK 23 P.4Cf 995 <br />d. If the mean number of NC Employees determined pursuant to Section 1.c is <br />less than 1014, Frontier shall pay to Lee County an amount equal to $145 <br />multiplied by the difference between 1014 and the mean number of NC <br />Employees determined pursuant to Section 1.c. Such payment shall be due <br />ten (10) days after receipt of demand from Lee County. <br />2. Cotton Purchase: <br />a. Frontier provides that NC cotton purchases and total cotton purchased are <br />based on adequate availability /quality and competitive pricing. Frontier <br />represents that that in 2008, 2009 and 2010, it purchased an average of <br />660,667 bales of cotton. The average number of bales of NC Cotton <br />purchased by Frontier in 2008, 2009 and 2010 equaled 25% of the total <br />number of bales of cotton purchased by Frontier. <br />b. Annually on the anniversary of the execution of this Agreement, Frontier will <br />provide to Lee County a certified statement stating the number of bales of NC <br />Cotton that Frontier purchased in the immediately preceding calendar year, <br />the total number of bales of cotton purchased by Frontier during the <br />immediately preceding calendar year, and the percentage the NC Cotton <br />purchased by Frontier during the immediately preceding calendar year was of <br />the total number of bales of cotton purchased by Frontier during that same <br />time. <br />c. Immediately following the fifth anniversary of this Agreement, using the <br />information previously provided by Frontier, Lee County shall determine: <br />i. The mean number of bales of NC Cotton that Frontier purchased in <br />calendar years 2011, 2012, 2013, 2014, and 2015; and <br />ii. The total number of bales of NC Cotton and of cotton that Frontier <br />purchased during calendar years 2011, 2012, 2013, 2014, and 2015; <br />and <br />iii. The percentage that the number of bales of NC Cotton purchased by <br />Frontier in calendar years 2011, 2012, 2013, 2014, and 2015 was of <br />the total number of bales of cotton purchased by Frontier during <br />calendar years 2011, 2012, 2013, 2014, and 2015. <br />d. If the mean number of bales of NC Cotton purchased by Frontier determined <br />pursuant section 2.6 is less than [from 2.a] AND the percentage of the bales <br />of NC Cotton purchased by Frontier during calendar years 2011, 2012, 2013, <br />2014, and 2015 was of the total number of bales of cotton purchased by <br />Frontier's during calendar years 2011, 2012, 2013, 2014, and 2015 is less <br />than [from 2.a, Frontier shall pay to Lee County the lesser of: <br />i. [$147,745 /number of bales of NC Cotton purchased during CY 20101 <br />multiplied by the difference between the amount determined pursuant <br />to Section 2.c.i, above and [the number of bales of NC Cotton <br />purchased by Frontier in CY 20101; or <br />ii. $1,477 multiplied by the number determined by subtracting the <br />percentage determined pursuant to Section 2.c.iii from [the <br />percentage of NC Cotton purchased by Frontier in 2010]. <br />